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What’s after Bankruptcy? Lessons in Governance Reform and Financial Planning from Other Cities

In the wake of Detroit’s bankruptcy filing this program will examine how other cities facing fiscal crises regained their footing. Local governments themselves have responded to crises so as to re-establish their borrowing credentials and to re-fresh their ability to deliver public services. At the same time, state government intervention (and oversight) has been another prominent feature of recovery. Conference participants will address models of local governance change and state intervention based on the experiences of New York, Philadelphia, Central Falls, Rhode Island and others. In addition, best practice state government oversight programs such as the North Carolina Local Government Commission will be examined. What are the common themes, tools and strategies that cities have used to emerge from fiscal troubles? What strategies and governance changes seem most effective in maintain future fiscal stability?

Note: Upon arrival, please have your Photo I.D. available at the registration check-in.

What Structures Have Been Used to Facilitate Market Access for Distressed Communities? Will Detroit Change the Markets Focus on the Structural Strength of Credit Pledges versus the Fundamental Credit Quality of Distressed Communities?